Low auto demand in India subdues ferrous metals industry prospects in FY21

After recovering in last quarter (Q4) of fiscal 2019-20, (FY20), the ferrous metals segment is headed for a subdued start in FY21. Analysts believe that strict quarantine measures to enforce lockdown will lead to demand erosion even though the supply side is facing relatively lower disruptions. There are apprehensions that if the nationwide lockdown to […]

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